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$MDLZ said that 2Q16 adjusted GM was flat as the negative impact of mark-to-market, as well as currency-driven inflation offset another quarter of strong net productivity. Adjusted OI margin was 15.2%, up 210 BP vs. 2Q15. This was largely driven by the ongoing ZBB impact on $MDLZ's overheads & especially its execution on shared service initiatives.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?